June 26, 2014

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Article

Healthbox Expands to Salt Lake City, Diversifies Industry Partners

Press Release

June 26, 2014

Salt Lake City – Healthbox, a business accelerator focused on healthcare technology and technology-enabled companies, confirmed it is taking its accelerator program to Salt Lake City in August.

Through partnerships with Intermountain Healthcare and HealthEquity, in addition to Zions Bank and Becton, Dickinson and Company (BD), Healthbox is sourcing companies, regardless of development stage, that meet the needs of a rapidly changing healthcare industry. The companies selected for the 16-week program will have unique access to Healthbox strategic partners, gaining an understanding of the key challenges plaguing these organizations and how to adapt their solutions to truly solve these challenges.

“We are thrilled to expand to Salt Lake City and build relationships with the local community,” said Nina Nashif, founder and CEO of Healthbox. “Utah has one of the fastest growing economies, and we believe there is a large opportunity to elevate the recognition of the area’s talented healthcare entrepreneurs. As Healthbox continues to grow, it is important that we commit to communities with both strong local health economies and an interest in advancing innovation.”

Healthbox will collaborate with a portfolio of companies that span from the ideation phase to those that have already generated significant revenue and raised rounds of financing. Healthcare entrepreneurs continue to need support as they scale within a complicated industry, and the program is able to provide the guidance and introductions to significantly expedite growth.

“To increase quality and service while containing costs, we need to expand our thinking and partner with new solutions to drive real system-wide improvements,” said Bert Zimmerli, Intermountain Healthcare’s chief financial officer and executive vice president. “Through the accelerator, Intermountain Healthcare will be a resource for the companies on the frontlines of innovation, supporting their growth.”

Healthbox Salt Lake City is capitalizing on the intense market pressure to think differently about how to solve critical challenges in the industry. In particular, the partnership of Intermountain Healthcare, BD and HealthEquity is focused on the rising role of the consumer in healthcare and the applicability of data analyses in improving clinical decision-making.

“We are excited to collaborate with a variety of industry organizations through Healthbox Salt Lake City,” said Stephen D. Neeleman, MD, founder and vice chairman of HealthEquity. “To continue to succeed in this changing industry, we recognize the need to partner not only with other healthcare institutions but with emerging companies building solutions that push our boundaries.”

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